Litecoin (LTC) Price Near $44.93; Evening Star Pattern Appearing on Chart, Price Base in Formation Over Past 14 and 90 Days

The Hourly View for LTC

Last Updated October 3, 2020, 01:037 GMT

At the moment, LTC’s price is down $0 (0%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 200 hour changed directions on LTC; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin Daily Price Recap

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 44.95 US dollars, down 2.83% ($1.31) since the previous day. The price move occurred on volume that was down 32.51% from the day prior, but up 0.16% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the previous day. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

Coming into today Litecoin is now close to its 20 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on the 14 and 90 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Litecoin’s price has gone up 6 of the previous 10 trading days. Also, candlestick traders! Note we see evening star pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Litecoin:

  • From johnkim77:

    Because of that crazy ass asian @johnkim77, I’m buying the shit out of #Litecoin.To the moon….

  • From HamelAnnemarie:

    @litecoin_bull Blessings , wisdom , strength and a heart full of pure light drive ALL of us here on this feed ✨🧡🔥🙏🏼☺️ STAY STRONG TO THE COURSE GOD HAS SET BEFORE US WE STAND BEHIND OUR POTUS AND FLOTUS ❤️❤️❤️LAW AND ORDER ⚔️🛡⚖️🏛

  • From shellyduarte10:

    @litecoin_bull @ROYALMRBADNEWS In a blue state. Excited but admittedly a little nervous. But, READY.